Abdel Hamid Shoman, chair of Arab Bank, stands down
Arab Bank's Chairman Abdel Hamid Shoman resigned from Jordan’s largest financial institution on Thursday 16 August, citing disputes with top executives as the main reason.
In a letter sent to the bank’s staff, Shoman said he was disappointed by the performance of the general manager and the board of directors.
- Shoman's resignation marks a departure following 80-years of Arab Bank
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- Arab Bank recorded $250 million net income in 2001
- Jordan’s Arab Bank posts 7.3 percent profit climb